Mastec Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mastec Inc (MTZ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mastec Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 16,110M vs 71,738M combined for tracked competitors (18.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+8.6% annualized vs trailing 12 months), vs accelerating (+12.6%) for its tracked peer group.
- Growth: Mastec Inc generated 23.4% revenue growth year over year in Q2 2026, vs 33.8% for its tracked competitors combined.
- Profitability: Its 3.3% net margin compares with 2.8% for the peer group.
- Scale: Mastec Inc ranks #8 of 88 companies by market capitalization in the Construction Services industry, holding 3.3% of industry market cap.
- Peer revenue share: Mastec Inc accounted for 17.8% of combined revenue among its tracked peer group, down from 19.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.45M compares with $0.39M for the peer group (1.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MTZ Sales vs. its Competitors, Q2 2026
Mastec Inc reported revenue growth of 23.38 % year on year in Q2 2026, below its competitors' combined revenue growth of 33.76 %.
With a net margin of 3.33 %, Mastec Inc achieved higher profitability than its competitors (2.82 %).
Mastec Inc generated 17.80 % of the combined sales of its peer group, down from 19.02 % a year earlier.
Mastec Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mastec Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mastec Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mastec Inc's competitor groups requires a Commercial License.
For context: the Construction Services industry grew revenue 20.2% year over year, combined, vs 23.4% for Mastec Inc. Mastec Inc's share of combined industry revenue moved from 2.81% to 2.89%, a gain of 0.08 percentage points.
Mastec Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mastec Inc | Yes | Yes | Yes | No |
| Competitors combined (11) | ||||
| High-Confidence Competitors (7) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MTZ Stock Performance relative to its Competitors
MTZ Stock Performance relative to High-Confidence Competitors
MTZ Stock Performance relative to Similar-Size Competitors
MTZ Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Team Inc | 282.9% | Outperformed |
| 2 | Quanta Services Inc | 282.9% | Outperformed |
| 3 | Myr Group inc | 282.9% | Outperformed |
| 4 | Watts Water Technologies Inc | 282.9% | Outperformed |
| 5 | Mammoth Energy Services Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mastec Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mastec Inc's Comment on Competition and Industry Peers
Our industry is highly competitive and highly fragmented. We compete with a number of companies in the markets in which we operate, ranging from small local independent companies to large national firms. The national or large regional firms that compete with us include Quanta Services, Inc., MYR Group, Inc., Dycom Industries, Inc., Pike Electric, Inc., Willbros Group, Jacobs Engineering Group Inc., Bechtel Corporation, D.H. Blattner & Sons, Inc., M.A. Mortenson Company, General Dynamics, Black & Veatch and Nexius.
Relatively few significant barriers to entry exist in the markets in which we
operate, and as a result, any organization that has adequate financial resources
and access to technical expertise may become a competitor. Some of our customers
employ their own personnel to perform infrastructure services of the type we
provide. We compete based upon our industry experience, technical expertise,
financial and operational resources, geographic presence, industry reputation
and customer service. While we believe our customers consider a number of factors
when selecting a service provider, they award most of their work through a bid
process. Consequently, price is often a principal factor in determining which
service provider is selected.
Publicly Traded Peers of Mastec Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Mastec Inc | 16,096.58 | 16,109.93 |
| Quanta Services Inc | 98,225.59 | 32,904.80 |
| Jacobs Solutions Inc | 16,451.92 | 14,218.47 |
| Watts Water Technologies Inc | 11,993.34 | 2,677.30 |
| Tetra Tech inc | 8,803.91 | 4,724.12 |
| Dycom Industries Inc | 8,105.69 | 6,252.09 |
| SUBTOTAL | 173,743.17 | 94,917.56 |
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Sources: Mastec Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mastec Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mastec Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Black & Veatch | Named by the company | 85% |
| MYR Group, Inc. | Named by the company | 85% |
| Myr Group inc | Named by the company | 85% |
| High Wire Networks Inc | Named by the company | 85% |
| Jacobs Engineering Group Inc. | Named by the company | 85% |
| Primoris Services Corporation | Named by the company | 85% |
| Centuri Holdings Inc | Named by the company | 85% |
| D.H. Blattner & Sons, Inc. | Named by the company | 85% |
| Nexius | Named by the company | 85% |
| Bechtel Corporation | Named by the company | 85% |
| M.A. Mortenson Company | Named by the company | 85% |
| Quanta Services, Inc. | Named by the company | 85% |
| Emcor Group Inc | Named by the company | 85% |
| Dycom Industries, Inc. | Named by the company | 85% |
| Pike Electric, Inc. | Named by the company | 85% |
| Mammoth Energy Services Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Mastec Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Mastec Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Mastec Inc | Clean Energy and Infrastructure 34.72 % |
| Quanta Services Inc | Electric 82.15 % |
| Jacobs Solutions Inc | Infrastructure & Advanced Facilities 91.92 % |
| Watts Water Technologies Inc | Americas Segment 76.45 % |
| Dycom Industries Inc | Communications 79.88 % |
| Granite Construction Inc | Constructions 84.01 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Mastec Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mastec Inc | 16,097 | 447,498 | 14,860 |
| Quanta Services Inc | 98,226 | 473,450 | 19,431 |
| Jacobs Solutions Inc | 16,452 | 330,662 | 6,991 |
| Watts Water Technologies Inc | 11,993 | 469,702 | 67,333 |
| Tetra Tech inc | 8,804 | 188,965 | 17,468 |
| Dycom Industries Inc | 8,106 | 319,702 | 15,925 |
| PEERS TOTAL | 157,647 | 388,221 | 14,490 |
Mastec Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Mastec Inc | Non-US 1.41 % |
| Quanta Services Inc | United States 93.49 % |
| Jacobs Solutions Inc | United States 68.89 % |
| Watts Water Technologies Inc | Americas 76.05 % |
| Team Inc | United States 75.20 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Mastec Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 78 companies in Mastec Inc's industry classification, broader than the peer set above. Market cap in millions of $.Mastec Inc ranks #8 of 78 companies by market capitalization in its industry, holding 3.26 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 731, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Quanta Services Inc | 99,632 | 19.39 % |
| 2 | Comfort Systems Usa inc | 59,072 | 11.50 % |
| 3 | D r Horton Inc | 39,869 | 7.76 % |
| 4 | Emcor Group Inc | 34,249 | 6.67 % |
| 5 | Pultegroup Inc | 1,234 | 5.2% |
| 6 | Lennar Corp | 1,234 | 5.2% |
| 7 | Nvr Inc | 1,234 | 5.2% |
| 8 | Mastec Inc | 16,763 | 3.26 % |
| 9 | Jacobs Solutions Inc | 1,234 | 5.2% |
| 10 | Sterling Infrastructure Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Mastec Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Mastec Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | D r Horton Inc | 39,869 | -14.62 % |
| 4 | Emcor Group Inc | 34,249 | 21.63 % |
| 5 | Pultegroup Inc | 22,910 | -6.63 % |
| 6 | Lennar Corp | 20,010 | -32.99 % |
| 7 | Nvr Inc | 1,234 | 12.3% |
| 8 | Mastec Inc | 16,763 | 3.98 % |
| 9 | Jacobs Solutions Inc | 1,234 | 12.3% |
| 10 | Sterling Infrastructure Inc | 1,234 | 12.3% |
| 11 | Ies Holdings Inc | 1,234 | 12.3% |
| 12 | Toll Brothers Inc | 1,234 | 12.3% |
| 13 | Tetra Tech inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Mastec Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Mastec Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Construction Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (91 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 10.70 % | 23.01 % (avg) | -12.3 pp |
| Operating Margin | 5.00 % | industry median | -2.4 pp |
| EBITDA Margin | 5.89 % | 4.12 % (avg) | +1.8 pp |
| Capital Intensity (Capex / Revenue) | 2.09 % | 4.59 % (avg) | -2.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mastec Inc's Valuation vs Competitive Position
Valuation multiples vs the Construction Services industry average (91 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 60.1x | 28.2x | +31.8x |
| EV / EBITDA | 34.3x | 17.9x | +16.4x |
| P/B | 8.8x | 4.4x | +4.4x |
| Return on Equity | 15.80 % | industry aggregate | 4.12 % |
| Return on Invested Capital | 7.19 % | 6.68 % (avg) | 0.51 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mastec Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 22.01 % | 28.67 % | 4.58 % | 3.96 % | -12.00 % | 25.80 % | 2.53 % | 16.26 % |
| Operating Margin | 5.18 % | 6.03 % | 6.11 % | 92.51 % | 6.85 % | 5.23 % | 3.09 % | 4.28 % |
| Return on Invested Capital | 11.49 % | 9.73 % | 8.94 % | 126.13 % | 7.60 % | 5.88 % | 4.14 % | 6.19 % |
| P/E | 22.7x | 11.2x | 13.4x | 12.5x | 15.1x | 20.8x | 69.0x | 43.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mastec Inc's Strategic Group Map
Every company in Mastec Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Mastec Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mastec Inc's BCG Growth-Share Matrix
Relative market share (vs Mastec Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Mastec Inc falls in the Dog quadrant: relative market share of 0.17x vs its largest competitor, in an industry growing revenue 5.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Mastec Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 731 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.09 % vs industry average 4.59 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Mastec Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Mastec Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Mastec Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Mastec Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mastec Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+8.6% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.17x).
Opportunities
- A meaningful share of tracked competitors (30.00 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Mastec Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mastec Inc | 0.09 | 1.34 | 0.94 |
| Quanta Services Inc | 0.05 | 1.17 | 0.82 |
| Jacobs Solutions Inc | 0.40 | 1.33 | 0.88 |
| Watts Water Technologies Inc | 0.80 | 2.68 | 0.08 |
| Tetra Tech inc | 0.15 | 1.20 | 0.44 |
| Dycom Industries Inc | 0.40 | 2.83 | 1.15 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mastec Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mastec Inc | Q2 2026 | +23.4 % | +61.7 % |
| Quanta Services Inc | Q2 2026 | +41.1 % | +96.8 % |
| Jacobs Solutions Inc | Q2 2026 | +34.5 % | -28.4 % |
| Watts Water Technologies Inc | Q2 2026 | +18.6 % | +17.2 % |
| Tetra Tech inc | Q2 2026 | +179.9 % | -3.6 % |
| Dycom Industries Inc | Q1 2026 | +56.1 % | +49.5 % |
| PEERS TOTAL | +32.3 % | -18.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mastec Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mastec Inc | Q2 2026 | +24.0 % | +43.5 % |
| Quanta Services Inc | Q2 2026 | +39.0 % | +64.6 % |
| Jacobs Solutions Inc | Q2 2026 | +43.7 % | +13.9 % |
| Watts Water Technologies Inc | Q2 2026 | +22.4 % | +10.8 % |
| Tetra Tech inc | Q2 2026 | +391.4 % | +21.3 % |
| Dycom Industries Inc | Q1 2026 | +56.1 % | -11.6 % |
Mastec Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mastec Inc | 5.22% | 6.86% | 15.80% |
| Quanta Services Inc | 5.31% | 7.72% | 14.87% |
| Jacobs Solutions Inc | 2.60% | 3.96% | 8.69% |
| Watts Water Technologies Inc | 13.35% | 16.23% | 18.56% |
| Tetra Tech inc | 10.09% | 16.05% | 24.01% |
| Dycom Industries Inc | 6.66% | 8.15% | 18.85% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mastec Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mastec Inc | 32.55 | 1.00 |
| Quanta Services Inc | 73.06 | 2.99 |
| Jacobs Solutions Inc | 47.23 | 1.16 |
| Watts Water Technologies Inc | 31.27 | 4.48 |
| Tetra Tech inc | 20.42 | 1.86 |
| Dycom Industries Inc | 25.38 | 1.30 |
| PEERS AVERAGE | 49.98 | 1.83 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.